In the first insolvency resolution in the financial services space, Piramal Group has concluded payment of Rs 34,250 crore to take over Dewan Housing and Finance (DHFL). The deal is likely to help banks that had been hit by the company’s collapse. The payment will bolster the finances of banks that have written off loans to DHFL, whose promoters are accused of fraud.
from Times of India https://ift.tt/3umE1qV
In the first insolvency resolution in the financial services space, Piramal Group has concluded payment of Rs 34,250 crore to take over Dewan Housing and Finance (DHFL). The deal is likely to help banks that had been hit by the company’s collapse. The payment will bolster the finances of banks that have written off loans to DHFL, whose promoters are accused of fraud. https://ift.tt/eA8V8J September 30, 2021 at 02:29AM https://ift.tt/2hJjhqE
Thursday, September 30, 2021
Piramal acquires DHFL for Rs 34k cr
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